T Rowe Price Tax Free High Yield: (MF: PRFHX)
NAV
$12.01
NAV Day Change
-0.01 (-0.08%)
May 21 06:05 PM ET
General Information As Of 04/30/13
| %Yield | 3.98 |
| %SEC Yield | 3.21 |
| %YTD Return (as of 04/30/13) | 2.46 |
| Objective* | Fixed Income - Muni Natl |
| Peer* | MB HY |
Portfolio Statistics
| %Unrealized Gain YTD | 6.17 |
| Net Assets (Mil $) 04/30/2013 | 2,615.00 |
| %Turnover 04/30/2013 | 11.60 |
Fees
| %Max Sales Load | NA |
| %Min Sales Load | NA |
| %Max Deferred Load | NA |
Expenses
| %Max 12b-1 Fee | 0.00 |
| %Max Management Fee | 0.60 |
| Redemption Fee | 2.00 |
| Expense Ratio | 0.67 |
Allocation
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metal | NA |
| Intermediate Bond | NA |
| Foreign Bond | NA |
| High Yield Bond | NA |
Portfolio Information
Composition
| As of 02/28/2013 | %of Net Assets |
| Stock | 0.01 |
| Cash | 0.00 |
| Bonds | 98.84 |
| Preferred | 0.18 |
| Convertibles | 0.00 |
| Foreign Stock | 0.00 |
| Foreign Bonds | 0.00 |
| Hedge | 0.00 |
| Other | 0.97 |
Sector / Country Weightings
| As of 04/30/2013 | % of Portfolio |
|---|---|
| NA | NA |
Portfolio Holdings
| Top Holdings (As of 02/28/2013) | % of Portfolio | Value (Mil$) |
|---|---|---|
| SAINT JOHN BAPTIST PARISH | 1.29 | 33.84 |
| NY LIBERTY DEV CORP 4 WOR | 1.06 | 27.85 |
| NY LIBERTY DEV CORP ONE B | 1.01 | 26.46 |
| METROPOLITAN PIER & EXPOS | 0.98 | 25.57 |
| TX MUNI GAS ACQUISITION & | 0.92 | 24.11 |
| CT HEFA STAMFORD HOSP | 0.87 | 22.86 |
| MD HHEFA ASCENSION HLTH A | 0.82 | 21.56 |
| SEMINOLE TRIBE OF FL | 0.79 | 20.71 |
| VA SMALL BUSINESS FIN AUT | 0.70 | 18.24 |
| CA GO | 0.70 | 18.19 |
Contact Information
| Family | T. Rowe Price |
| Addrerss | 100 E Pratt Street Baltimore, MD 21202 |
| Phone | 800 225-5132 |
Zacks Premium Research
Zacks Mutual Fund Rank: 1 - Strong Buy 
| #1 |
Fund Description
The fund was incepted in March 1985 and is managed by T.Rowe Price Associates. This fund's main objective is to seek a high level of income exempt from federal income tax by investing primarily in long-term, low- to upper-medium-quality municipal securities. The fund invests a substantial portion of assets in below investment-grade municipal or 'junk' bonds and may buy bonds in default as long as they do not exceed 10% of assets. The fund's weighted average maturity is expected to exceed 15 years. Dividends are declared daily and distributed monthly. Capital gains, if any, are declared and paid in December.
Stock Holding % of Net Assets
| As Of | 02/28/2013 |
| Total Issues | NA |
| Avg. P/E | NA |
| Avg. P/Book | NA |
| Avg. EPS Growth | NA |
| Avg. Market Value (Mil $) | NA |
Risk
| 3 Year | 5 Year | 10 Year | |
|---|---|---|---|
| Beta | 1.07 | 1.31 | 1.05 |
| Alpha | 2.07 | -1.64 | -0.17 |
| R Squared | 0.83 | 0.51 | 0.57 |
| Std. Dev. | 4.43 | 8.74 | 7.17 |
| Sharpe | 1.98 | 0.66 | 3.00 |
Shareholder Information
| Manager | James M. Murphy |
| Since | 01/02 |
| Manager Rating | NA |
| Inception Date | 03/01/1985 |
| Shareholders | NA |
| Dividends Paid | M |
| Minimum Initial Investment | $2,500 |
| Minimum Subsequent Investment | $100 |
| IRA Minimum | $1000 |
| IRA Available | Y | Check Writing | N | Phone Invest | Y |
| Phone Exchange | Y | Phone Redeem | Y | Auto Invest | Y |
| Wire Redeem | Y | Wire Fee | Y | Wire Transfer | Y |
Zacks Commentary for PRFHX
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